CBN IDENTIFIES THE CAUSE OF THE NAIRA SHORTAGE
The cause of the naira shortage throughout the country has been revealed by the Central Bank of Nigeria (CBN). The top bank said that some people are hoarding the…
Naira falls 18% to N951.22/$ in Forex Market.
In the Nigerian Foreign Exchange Market (NAFEM), the value of the naira plummeted to N951.22 per dollar yesterday. The indicated exchange rate for NAFEM rose to N951.22 per dollar…
FG STARTS N20,000 CASH TRANSFER FOR NIGERIANS IN KOGI WHO ARE VULNERABLE
Babatunji Wusu – By means of the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, the Federal Government of Nigeria has started giving N20,000 grants to Kogi State’s most disadvantaged…
JUST IN: SUPREME COURT DECIDES THAT OLD AND NEW NAIRA NOTES CAN CONTINUE TO CO- EXIST AFTER DECEMBER
Babatunji Wusu – Old and new naira notes will coexist as legal tender until further notice, according to a ruling by the highest court. The timeframe for phase-out of obsolete…
BREAKING: FORMER CBN GOVERNOR GODWIN EMEFIELE IS GRANTED BAIL BY THE COURT
Babatunji Wusu – Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), was granted bail by the Federal High Court of the Federal Capital Territory (FCT), which…
STATES SEE A RETURN TO NAIRA SCARCITY AS THE CBN DEADLINE FOR OLD NOTES DRAWS NEAR
Babatunji Wusu – Prior to the Central Bank of Nigeria’s (CBN) earlier announced deadline for using the previous N200, N500, and N1000 banknotes, shortages of Naira have been reported in…
“WE HAVE EVIDENCE” – DAILY TRUST BASH CBN REGARDING NAIRA DEVALUATION
Nigerian publication Daily Trust has criticized the Central Bank of Nigeria (CBN) for refusing to publish an article on its cover for Thursday, June 1, 2023. The previous day,…
Naira Plunges To N1,210 Against The Dollar
At the start of business on Monday, the value of the naira resumed its downward trend, plunging to N1,210 to the dollar on the parallel market, from N1,170 at the…
Pressure on the Naira, Nigeria might look for a dollar loan—IMF.
According to the International Monetary Fund, the naira is now under pressure, and Nigeria is free to seek a loan from the Fund to stabilize the currency if it deems…
House of Reps will investigate the use of the dollar and other currencies as legal tender.
According to a House of Representatives directive given to the Committee on Banking Regulation on Tuesday, the use of the US dollar and other foreign currencies as legal tender for…
